Buttonwood Capital Management LLC

ITEM 5 – FEES AND COMPENSATION
Asset Management
The specific manner in which fees are charged by the firm is established in a client’s written agreement between
the client and Buttonwood Capital Management, LLC. Clients can determine to engage the services of Buttonwood
Capital Management, LLC on a discretionary or nondiscretionary basis. The firm’s annual investment advisory fee
shall be based upon a percentage (%) of the market value and type of assets placed under the firm’s management
to be charged quarterly in advance. All fees are customized; this may vary depending on the nature of the client’s
individual needs, account investment size, complexity and particular management services requested by the client.
Fee Schedule:
                               Aggregate Assets under Management         Annual Fee %
                                         First $1,000,000                    1.5%
                                         Next $2,000,000                    1.25%

 ADV 2A - FIRM BROCHURE                                                                                            5

                                         Next $2,000,000                      1.0%
                                         Next $5,000,000                      .75%
                                         Next $15,000,000                     .65%
                                         Over $25,000,000                   Customized

The client is made aware of the following:
Your independent custodian will provide statements at least quarterly to you showing the market values for each
security included in the account and all disbursements in your account including the amount of the advisory fees
paid to us.
In cases where LPL is the custodian, LPL is responsible for calculating and deducting advisory fees from client
accounts held at LPL. Client will provide LPL with written authorization to deduct fees and pay the advisory fees to
Buttonwood Capital Management, LLC. The advisory fee is paid directly by LPL to the Buttonwood Capital
Management, LLC (not the individual). Buttonwood Capital Management, LLC will then share the advisory fee with
its advisors / associated persons. Buttonwood Capital Management, LLC may instead elect a custom billing method
where LPL is provided instructions to pay fees based on the fee calculations of Buttonwood Capital Management,
LLC.
The Account Fee is based on the value of assets in the account, including cash holdings, and is payable quarterly
in advance.
                   [Quarter End Value x Advisory Fee %] / 360 x 90 Days = Advance Billing
If the advisory agreement is terminated before the end of the quarterly period, client is entitled to a pro-rated refund
of any pre-paid quarterly advisory fee based on the number of days remaining in the quarter after the termination
date.
Advisor representatives are restricted to providing services and charging fees based in accordance with the
descriptions detailed in this document and the account agreement. However, the exact service and fees charged
to a particular client are dependent upon the representative that is working with the client. Advisors are instructed
to consider the individual needs of each client when recommending an advisory platform. Investment strategies and
recommendations are tailored to the individual needs of each client. Any and all material conflicts of interest are
disclosed herein.
Account fees are payable quarterly in advance if processed by LPL Financial. Clients may terminate the agreement
without penalty for a full refund of Buttonwood Capital Management, LLC’s fees within five business days of signing
the Investment Advisory Contract. Thereafter, clients may terminate the Investment Advisory Contract generally
with 30 days' written notice.
Fees for customized and participant advisory services are typically based on the value of assets under management
and will vary by engagement. The amount of the fee will be set out in the client agreement executed by the client
at the time the relationship is established.
Other Types of Fees & Expenses
Clients may incur transaction charges for trades executed in their accounts. These transaction fees are separate
from our fees and will be disclosed by the firm that the trades are executed through. Also, clients will pay the
following separately incurred expenses, which we do not receive any part of: charges imposed directly by a mutual
fund, index fund, or exchange traded fund which shall be disclosed in the fund’s prospectus (i.e., fund management
fees and other fund expenses).
If a client’s assets are invested in mutual funds or other pooled investment products, clients should be aware that
there will be two layers of advisory fees and expenses for those assets. Client will pay an advisory fee to the fund
manager and other expenses as a shareholder of the fund. Client will also pay Advisor the advisory fee with respect
to those assets. Most of the mutual funds available in the program may be purchased directly. Therefore, clients
could generally avoid the second layer of fees by not using the management services of Advisor and by making
their own investment decisions.
Certain mutual funds impose fees and charges such as contingent-deferred sales charges, early redemption fees

 ADV 2A - FIRM BROCHURE                                                                                              6

and charges for frequent trading. These charges may apply if client transfers into or purchases such a fund with
the applicable charges in a program account.
Although only no-load and load-waived mutual funds can be purchased in a program account, client should
understand that some mutual funds pay asset-based sales charges or service fees (e.g., 12b-1 fees) to the
custodian with respect to account holdings.
If client holds a variable annuity as part of an account, there are mortality, expense and administrative charges,
...

ITEM 7 – TYPES OF CLIENTS
The advisory services offered by Buttonwood Capital Management, LLC are available for individuals, individual
retirement accounts (“IRAs”), banks and thrift institutions, pension and profit-sharing plans, including plans subject
to Employee Retirement Income Security Act of 1974 (“ERISA”), trusts, estates, charitable organizations, state and
municipal government entities, corporations and other business entities. However, the firm generally provides
investment advice to individuals and high net worth individuals.